Silicon Valley Innovation in the Covid Era (w/ Raoul Pal and Keith Rabois)
Real Vision: Finance & Investing
00:00
Is There a Risk of Adverse Selection in a Spec Process?
A lot of shell companies that used to be used in a particularly like Canadian Canadian oil companies gold companies in Australia, they did it. And as the expense goes up versus the investment banking fee associated with IPO, you're going to have adverse selection. You're already seeing this in a spec process where arguably in some ways a spec process may be cheaper than a traditional process including all the expenses. So ask your final question.
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